Gold Market is Flashing Trading Range Signals

February Gold Futures Daily

The gold market is testing a resistance zone, but has not entered it, yet. The RSI is turning down from below 62, which indicates a trading range. RSI peak and low readings between 62 and 38 indicate a trading range.

Globex February Gold Futures TradeFlow

The morning-look at the TradeFlow chart shows that sellers are dominating based on the TradeFlow Volume Cross Study.

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Thom Hartle’s View of Trading and the Financial Markets